I am selling my property for Rs. 1.3 crores. For which I am planning to make agreement of Rs. 60 lacs and rest 70 lacs I am taking in cash.
01. I want to know what will be rate at which i am required to pay tax?
02. Also if i purchase a house for Rs. 65 lacs than on what amount i have to pay tax and at what rate?
Anonymous
29 July 2010 at 17:10
X is the only son to his parents, with five sisters.
His maternal side, there is some property done by his
grand father which they have registered to their younger
brother for some security purpose when X was a child. and
now in X’s meternal side his uncle is bachelor, and his aunt's
are spinsters. one aunt is married, but do not have any
child, one more aunt is married but have a girl baby. Now
my question is will X has right on the property or not.
Sudip Sarkar
29 July 2010 at 17:02
My grandma had 6 children. 3 sons n 3 daughters. After grandpas death, she inherited a shop and 1 piece of land of 10 kathas.My father was the second son.
Out of these properties, grandpa gave the shop to the eldest son, who later sold it off.
Of the plot, the front half of 5 kathas has our ancestral house. The later half of 5 kathas was bought by my father from my grandma before her death to which my elder uncle(Tauji) was a witnes. Since my father was a contractor, he had bought the land (i have the deed)and built a few flats and later sold them off. I live in one of these flats.
My grandma, tauji and father have expired and my Chachu (younger uncle)lives in the ancestral house. He is not willing to have a partition. My Aunts do not want a part in the property and they are ready to give that in writing.
1. Do i have a right to partition. How much can i claim?
2. Does my Chachu have any right on the land that my father bought and built flats on?
3. Do the children or husbands of my Aunts have any right to claim any part? Can they claim if any of the aunts die?
Plz advice how to make chachu to agree for partition, because the house needs repairs and chachu will not invest any money for that.
Charudutta R. Mhalgi
28 July 2010 at 17:23
Respected Sir
I want to purchase a new Flat for that I required idle format of Agreement.
Regards
C. R. Mhalgi
Is any law, direction or policy regarding escalation of lease rent?
Please provide.
sagar Rao
28 July 2010 at 14:43
Dear Sir/Madem
My father had won 400 square yards land and he had build basement and myself and my elder brother built the house by investiong an amount of Rs.900000/- in which i contribute Rs.6 lks and my elder brother is Rs.3 lks and we are three brothers and my father expired last 6 years back and now my mother/bothers want division of house in three equal parts of 133.33 Sq to each of them,my younger brother had not invested any money on property.
So plsese inform shall we get invested money back, when house get divided among three brothers, as there is no proof of money invested on house, in written document or accounts had been not maintained, only mother and society people konows.
My younger brother is refuseing to give the money of what he had got on 133.33 sqd land of built up area.
Please help/suggest me how to get the money invested on house.
Expert : adv. rajeev ( rajoo )
Posted On
26 July 2010
Rate Now :
12345 compromise is the only way.
author : R.Ram Mohan
Posted On
28 July 2010
Dear sir,
We brothers are compromised by intervention of our community elders and we, our community (Society)president & secratery have signed on our commumity letterhead stating that we are compromised and our younger brother is going to pay Rs.100000/- to me as he is not invested any amount on proerty.
He has been given one month time to pay Rs.100000/- to me, but know my younger brother is refusing to pay Rs.100000/- stating that he dont have money with him and i informed same to my community elders and they also stating to me to forgive my brother as he dont have any money, but fact is that he is having the money but he dont want to give it to me.
Know i want to move to court of law for want of money with support of our community compromised letterhead which i am having.
So please inform me shall i get the amount what he had promised to me and his that letterhead signed copy is going to be legal copy in the court of law.
Note:Our commumity (Society) is the registered body under the society act in Andra Pradesh it works for our caste people only)
Anonymous
28 July 2010 at 13:14
how to get a sanction to use an unsheduled road for the purposes of commuting to the proposed bulding project??????
Patanjali Narayan Dixit
28 July 2010 at 02:25
The person RAM was the legal owner of a plot of land having the documents registered in his name. After his death this son BALRAM has inherited the aforesaid property.
Balram has 3 sons - MOHAN, SOHAN and ROHAN. Now Balram has devided the property among his three sons but the partition has been done orally and not by executing any instrument in his sons' favour. BALRAM is still alive.
The issue is that MOHAN has sold some part of the land (which was given to him by his father orally) to MAHESH and his father has signed as a witness in the sale deed.
Further, SOHAN is also trying to sell some part of the land (which has fallen in his part) to RAMESH in the same way as Mohan did.
Now I have following questions:
1). Whether the oral pertition amounts to acquisition of title of ownership by the sons of BALRAM without any documents registered in their name regarding the title of ownership after partition of the property?
2). Is the mehtod by which MOHAN has sold his part of the land (by making his father as witness to the contract) to MAHESH is legally valid?
3). If the answer to question 2 is "No" then please suggest the actions RAMESH may ask SOHAN to perform before he transfers the property to RAMESH so that the transfer to RAMESH is legally valid without any potential legal obstacles which may arise if the transfer is done in the way as MOHAN did.
Wating for for valuable inputs/solutions/suggestions.
Thanks and Regards,
Patanjali
sagar Rao
27 July 2010 at 12:02
1.We are three brothers and we are going to do the partition deed for sharing of my father property, so pls inform wheather we can approch one lawyer/Advocate or we can do individually according to our wish by consulting different lwayers and take all brothers signiture on it.
2.If any brother is not going to sigh on partition deed, due to not satisfaction what he is getting in the sharing of property, his any problem to remaing two brothers, and if two brothers sign and anonther is not sign is the deed is going to vaild in the court of law.
acknowledgemnt
Acknowledgement
Hereby I convey my sincere thanks to the Hon.President of India, and the President’s Secretariat, for having performed the necessary and the crucially expected functions of directing the relevant authorities to do all that is required to correct the flaw reported in this presentation to ensure justice to the people affected by the flaw and to ensure that no one is affected in future as well.
I convey my sincere thanks to the Government of Tamilnadu , the Hon. Chief Minister of TamilNadu and the Hon.Deputy Chief Minister of Tamilnadu, although I am not aware of as to how things exactly moved up, down or across the government hierarchy and caused the intended positive changes sought by me in respect of the issue show-cased in the presentation.
I acknowledge receipt of the letter from the Law Department of the Tamilnadu Secretariat which confirms the receipt of the petition from the President’s Secretariat Office, New Delhi by them in respect of my presentation and their directing of the matter to the revenue department for necessary action .
I convey my sincere thanks to the Law Department of the Tamilnadu Secretariat and the Joint Secretary to the Government in this regard.